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2nd house, new mortgage LTV calculated off buy price or asking price?
Selling up, buying new house, is the LTV for a new mortgage based upon what I pay for the new house (i'm planning to offer £5k below asking price) or is it based on house as valued and the asking price? :confused: The £5k could be the difference between above or below 75% LTV.
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Leaving rented house how does notice work
My rental contract started on the 8th of the month and im moving house , wrote to my landlord to leave on 14th on month , problem is direct debit goes on the 8th will i have to pay the whole month's worth even if im not living there?? *also did give 4 weeks notice to move out from 14th* Thanks for help in advance
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Would any CGT relief be available to me?
I'd like to sell a rental flat and buy another rental in a better area. Although I lived in the property for 2 out of the 6 years owned the CGT bill would still be quite high. Is there any relief that would be available if any profit went from one rental straight into another thereby not avoiding CGT but just deferring it?…
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Renting without permission from lender
OK so this is probably going to attract a lot of flaming - apologies if it stirs up some bad feelings amongst people on this board but I just want to know the facts. I am planning on renting my mortgaged house out in a few months' time as I am moving in with my girlfriend and her 2 children. I've written to my lender (GE…
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Buyers Are Rushing To Buy Properties Now - Times Newspaper Today
The Times Newspaper today reports that properties are moving really fast, even though Christmas is upon us. http://property.timesonline.co.uk/tol/life_and_style/property/article6925244.ece They say that one of the reasons people are rushing to buy now is that they've spent a big chunk of their savings on dead rent, and…
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Building own house vs Buying
Hi All Looking for some advice on the cost of building my own house vs buying one. I have the money in cash, and know a builder who says he can do a 4 bed detached for around 100k obviously I need to buy land, any ideas on the cost of this? Also, would it work out cheaper to just buy an existing house? any pitfalls or…
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Leashold Flat Is is mandatory for Ltd Co to have AGM's or any other meetings
I am one of four directors of the management company (Ltd Co) for the block of flats I own. We have never had a AGM or any EGM but a new owner/director says the law is that we should have an annual AGM and possibly others in between. So can anyone tell me if AGM's or EGM's are the rules. Usually all issues are resolved…
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Rented flat under threat of repossession, receiver appointed
Hi everyone! We have been renting a flat for just over 4 months on a 6 month tenancy agreement, which we were hoping to renew for a further 12 months. However, the owner of the flat is in arrears on his mortgage and as a result the property has fallen under the threat of repossession. The dispute has been going on for…
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Charge on house
If someone lends someone else some money to buy a house, can there be a charge on the house for %age of the property? Instead of just a normal charge for an amount of money.
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Damp/condensation problems
Looking for a bit of advice here. Tenants have recently moved out of my flat. It's in a bad way as I believe they've caused a significant amount of damage due to not airing it properly and running the electric heating in closed rooms to dry their clothes etc. I am now arranging to have an anti-fungal treatment done and the…
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Rats-rented accom-is it a problem?
Odd title I know... we have rats (or squirrels) living in our loft space by the sound of it. We have a cat, and there's been no sign of them IN the flat. LL and I are both animal lovers, I would hate to see them killed (especially inhumanely by rat poison) but also realise that trapping and releasing them won't solve the…
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Haggling with national housebuilders on a new build?
Hi We have seen a new home we like that is built by Persimmon and am after some advice on haggling to get the best deal. The development is nearing completition and there are only 6 properties left to sell (3 of which are already built and they are pushing for moving in by Christmas which we have no problem with - and…
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What do I do now?
Bit worried now. Long story short. LL property manager is who we have been dealing with. No estate agent as initial agent done a bunk with rent etc. Paid £800 deposit. was told LL would cover it as agent done bunk with money handed to him from our property and others too. Have email stating TDS would hold deposit and would…
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How long did you spend looking before moving?
How long is a piece of string? A few weeks ago I decided that the time had come to move. I've almost finished sorting my place so it's ready to market. I've spent a week or two looking and I'm not found the right place yet. I've found all the elements necessary and now I just need to wait for the right combination to come…
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Can you claim an empty house
I remember reading about people who claim houses that have been stood empty for years. We used to live in a cottage that was pretty run down, we moved out 10 years ago this month. It has been empty since which is crazy if you saw the location and now it is semi-derelict. Is there any right to claim this house, buy it???
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My bond is being held
:confused: Help I have just vacated a rented property and I met the agent when handing it over. She mentioned that the cooker hob had not been polish and that a table (which was very wobbly) had been flat packed by myself. The only thing she mentioned to me as maybe being a problem with m bond was the fact the hob had not…
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No Building Warrant Scotland
Hi I have previously posted about this but have a bit more info now. It is regarding a house i am trying to purchase, its a reposession so getting any info on it is a nightmare. We recently found out an extension done on the property had no certificates. Planning permission was applied for but no building warrant. My…
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Property to Sell - Multiple Executors
Just a brief query concerning selling a property. If there are three executors of an estate, part of which is a property to be sold, where 2 of the 3 want to go one route and the other executor does not, is it simply a question of ‘the majority rule’ or does the one have the power of veto? I ask this as we have two ‘down…
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Lottery type competition to win a (so called) £5m house in Belgravia - how fair?
I read about this in today's Telegraph £5 million home up for sale in £50 competition - Telegraph and then Googled to what I assume is the genuine competition site and not one knocked up by fraudsters: http://www.winthebelgraviahouse.com Pay £50 for a ticket and enter your estimated value of the house. The winner will be…
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I am buying a repossesed flat, Urgent help please
I am purchasing a repossesed flat in Manchester and now my sloicitor has written to me to say that; (1) I will be liable to pay last 18 months service charges for the building, (2) also last 3 years electric charges for communal areas because there was a deficit. I have tried everywhere but nobody seems to know the answer,…
